MtoM #52 - Multimillionaires 5 yrs Post Residency
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 7 February 2022
⏱️ 16 minutes
🧾️ Download transcript
Summary
Put your nose to the grindstone at the beginning and reap the benefits. This dual career couple had the income to make a difference quickly. To keep their relationship solid while they were busy with their careers, they hired help. Make sure you are taking care of things at home to keep your marriage and family strong. That is your best investment. There are many resources on the blog for managing relationships and finances like this one: https://www.whitecoatinvestor.com/when-finance-and-relationships-intersect/
I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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Transcript
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| 0:00.0 | This is the White Co-investor podcast, Milestones 2 Millionaire, |
| 0:04.5 | celebrating stories of success along the journey to financial freedom. |
| 0:09.0 | Here is your host, Dr. Jim Dolly. |
| 0:16.0 | This is Milestones 2 Millionaire podcast number 52, |
| 0:18.9 | multi-millionaires, five years out of residency. |
| 0:22.6 | Crowdsteek, the largest online real estate investing platform, |
| 0:26.1 | gives investors like you access to institutional quality opportunities across the country. |
| 0:30.7 | Today, thousands of investors are building their personal portfolios online with CrowdStreet, |
| 0:34.8 | from multi-family and industrial warehousing to self-storage and senior living. |
| 0:39.0 | When you create your account for free, you'll join an active community of investors who have |
| 0:42.3 | discovered how easy it can be to invest in real estate. With CrowdStreet, feel like an insider |
| 0:47.2 | and benefit from institutional quality deals. Let's help diversify your portfolio, |
| 0:51.2 | learn more at whitecodeinvestor.com slash CrowdStreet. |
| 0:54.0 | All right, we've got some great guests to bring on the podcast today. Let's get them on. |
| 1:00.6 | All right, our guests today for this podcast are Liz and Adam. Welcome to the Milestones 2 Millionaire |
| 1:05.0 | podcast. Thanks, Jim. Thanks for having us. |
| 1:08.4 | Now, tell us a little bit about what you do and how far you are out of school and training. |
| 1:13.6 | So, I am an internal medicine trained physician. I started my career as a hospitalist. I |
| 1:20.1 | did that for four years and transitioned over to outpatient medicine about two years ago. |
| 1:25.0 | Some about six years out of practice. I'm sorry, out of residency. |
| 1:28.8 | And I'm a trial lawyer. I have my own practice. I'm about 13 years at a law school, |
| 1:34.6 | but about 10 years out of training or whatever you want to call it in our world. |
... |
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